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OCT 01, 2013 - Yahoo! News

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Billionaire Mark Cuban 'cheated' with insider trading: SEC lawyer

By Jana J. Pruet DALLAS (Reuters) - Mark Cuban, the owner of the Dallas Mavericks basketball team, "cheated" by selling his stake in a small Internet search company upon learning that holding on might cost him money, a government lawyer told jurors at the start of the billionaire's insider trading trial. Cuban has maintained he did nothing wrong more than nine years ago when he sold his 6.3 percent stake in Mamma.com Inc. But a lawyer for the U.S. Securities and Exchange Commission said the 55-year-old knew what he was doing in unloading his stake, and avoiding a $750,000 ... Read More

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